Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,190,000

Listed at $1,188,888 · Sold 0.1% above asking · Closed January 6, 2021

48-21 5th Street #2K
Closed For Sale Condo

$1,188,888

$1,047 per sq ft

48-21 5th Street #2K

Long Island City, Queens

GANTRY

MLS® #RLS10651375

RLS at REBNY

Listing by The Corcoran Group

2

Bedrooms

2

Baths

1,135

Sq. Ft.

2007

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,135 sq ft
Year Built 2007
Ownership Condo
HOA/Common Charges $974/mo
Property Taxes $3,588/yr
Parking Garage
Neighborhood Long Island City

Property Highlights

  • Exposure: West facing
  • Outdoor Space: Building Terrace
  • Climate Control: Wall Units

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
Exposure West
Cooling Wall Units
Pets Yes
Cross Street 48th Avenue & 49th Avenue
Year Built 2007
Living Area 1,135 sq ft
Parking Garage Available

Listing History

Event Date Price Change
Listed Jul 24, 2020 $1,375,000 -
Currently Apr 22, 2026 $1,188,888 -13.5%

Description

This is the condo you have been waiting for! Hands down the best 2 bedroom, 2 bathroom deal in all of LIC with optional parking. This stunning and newly-renovated 1,135 SF home is located just one block from the East River promenade. The remodeled kitchen features gorgeous fixtures, granite countertops/backsplash and all new appliances: Bosch dishwasher and oven, LG microwave, Kenmore Elite refrigerator, deep Kohler sink with Delta touch technology plus Insinkerator garbage disposal. Both bedrooms are spacious in size. The master bedroom comfortably fits a king size bed and has a separate dressing area with abundant closet space. The 2 full bathrooms have also been renovated. The master bathroom features a marble tiled shower with bench and there are new floors, tiles, fixtures, vanities, sinks and recessed medicine cabinets in both bathrooms. Additional features include brand-new Nest Smart PTAC units and custom Hunter Douglas blinds in every room. This residence has been owner occupied since construction and meticulously maintained. *421-A tax abatement through July 1, 2024. Separately-deeded parking space is available for additional $100,000. The Gantry is Long Island City's premiere boutique condominium in prime Hunter's Point location. The 47-unit elevator building offers on-site parking, gym, residents' lounge and furnished roof deck with gas grill, full-time live-in Superintendent, building porter and 24-hour door coverage (part-time door staff + virtual doorman). This property is within close proximity to the 7, G, E and M trains as well as two East River ferry lines. The neighborhood boasts 2 Michelin-star restaurants, an abundance of dining and recreational options, parks, Hunters Point Library, MOMA PS1, the Noguchi museum and other cultural interests all within a short distance of the Gantry. Showings by appointment only.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area

Exterior Features

Building Roof Deck Building Terrace

Appliances

Dryer Washer

Building Information

Building GANTRY
Total Units 47
Stories 5

Financial Details

Common Charges $974/mo
RE Taxes $3,588/yr ($299/mo)
Original Price $1,375,000
Sale Price $1,190,000

Long Island City sits directly across the East River from Midtown Manhattan, reachable in one stop on the 7 train. LIC has added more than 12,000 residential units since 2015, transforming former industrial blocks into a corridor of glass-tower condos, converted loft co-ops, and rental high-rises along the waterfront. Gantry Plaza State Park, MoMA PS1, and the Hunters Point Library anchor the neighborhood’s cultural identity. Median condo prices run roughly 30-40% below comparable Manhattan waterfront units, drawing both first-time buyers and investors looking for appreciation in one of the city’s highest-growth zip codes.

Long Island City Live Market Data

View Neighborhood

Active Listings

166

Median Asking Price

$1.20M

Median $/Sqft

$1,525

Avg Days on Market

N/A

New This Week

10

Price Reduced

17%

Sold (30 Days)

13

Median Sale Price

$1.24M

Live data from RLS at REBNY • Updated 4/22/26, 8:07 AM EST

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Location

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48-21 5th Street #2K, Long Island City, Queens County • Near 48th Avenue & 49th Avenue

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

2005
Year Built
21 years old
5
Floors
47
Residential Units
M1-4/R6B
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $3,870,582
Land Value: $229,517
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 22,800 SF
Building Area: 62,826 SF
Built FAR: 2.76
Allowed FAR: 2

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $974 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $3,588, or roughly $299 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,135 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2007, making it approximately 19 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $1,188,888 for 1,135 sq ft, the asking price per square foot is approximately $1,047. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10651375
First Listed: 7/24/2020
Closed: 1/6/2021
Contract Date: 7/24/2020

Listing Courtesy of The Corcoran Group - Rick Kelly

Listing Contact: (917) 204-6577

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 4/22/2026 at 12:07 PM UTC

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